What is Risk Builder in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: Risk Builder

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Function for grouping single risks by content and creating risk catalogs.

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• Key Concepts: 
  Risk Builder is a component of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. It is a tool that helps organizations identify, assess, and manage risks associated with their business operations. Risk Builder allows users to create risk profiles, analyze risk scenarios, and develop strategies to mitigate risks. 
  
  How to use it: 
  Risk Builder can be used to create risk profiles by defining the type of risk, the probability of occurrence, and the potential impact of the risk. Once the risk profile is created, users can analyze different scenarios and develop strategies to mitigate the risks. Risk Builder also provides users with reports and dashboards that provide insights into their risk management activities. 
  
  Tips & Tricks: 
  When creating a risk profile, it is important to consider all potential risks and their potential impacts. Additionally, it is important to regularly review and update the risk profiles as new risks may arise over time. 
  
  Related Information: 
  Risk Builder is part of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. Other components of FIN-SEM-CPM include Financial Consolidation, Financial Planning & Analysis, and Business Intelligence & Analytics.